Put Sweeps — July 31, 2026 | Pushing Profits
Category: Put Sweeps | Date: 2026-07-31
Traders are leveraging significant put sweeps in AMD and MU, signaling a cautious market outlook.
Report
On July 31, 2026, significant put sweeps were observed, particularly in the semiconductor sector, with Advanced Micro Devices (AMD) taking center stage. Traders displayed keen interest in multiple strike prices, signaling a potential bearish sentiment towards the stock. Notably, the AMD PUT $485 expiring today saw an impressive $14.1 million in premium and was complemented by additional notable sweeps on the $495 and $475 strikes, each with $8.0 million in premium. This spike indicates traders are hedging against possible declines in AMD's stock price. Micron Technology (MU) also garnered attention with notable put sweeps. The MU PUT $835 strikes attracted $3.8 million in premium, while the $850 strike for an upcoming expiration drew $3.3 million. These movements suggest traders are positioning themselves for potential volatility ahead. Overall, these put sweeps can serve as a barometer for traders, indicating caution in the market. Keeping an eye on these trends could help forecast market movements and shape trading strategies.
Frequently Asked Questions
What is a put sweep?
A put sweep occurs when a trader quickly buys a large number of put options, indicating a bearish outlook or desire to hedge against potential declines.
How do put options work?
Put options give the holder the right to sell a stock at a predetermined price before the expiration date, allowing traders to profit from downward price movements.
Why are put sweeps significant for traders?
Put sweeps can signal market sentiment and potential price movements, helping traders make informed decisions based on larger market trends.